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The share price of African Potash (AFPO) rocketed this week on news that it was moving into the fertiliser trading market. Previously the company has focused on its Lac Dinga project in the Congo, where initial drilling last year revealed the presence of significant potash deposits. But now, in the shorter term, it looks as though the tiny AIM-listed company will be shifting its focus to sourcing fertiliser from producers to then sell on, earning a cut of the proceeds for acting as the middle man.
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Comments
DUCK AND DIVE
Shouldn’t someone warn Chris about the roads?
http://www.nation.co.ke/News/Is-this-the-worst-road-in-Kenya/-/1056/1857412/-/12cdyq8z/-/index.html
Gary Newman
Duck and Dive,
Reminds me of some of the ones I’ve travelled on in place like Guyana – 14 hours to drive 300km and the like!
I would also assume that payment for the 50000mT of fertiliser, and transportation, would have to be up front…